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The Collaboration That Could Propel Cyprus Into The Global Space Economy

by THEFUTURE.TEAM

July 17, 2025

Strengthening Innovation Through Strategic Partnership

The Cyprus Chamber of Commerce and Industry (KeVE) and the Cyprus Space Exploration Organisation (CSEO) have formalized a significant alliance with the signing of a Memorandum of Understanding. Led by KeVE President Stavros Stavrou and CSEO President George Danos, the accord aims to integrate space technology with cutting-edge research, setting the stage for breakthrough advancements.

Driving Data Science And Technological Innovation

The agreement is poised to boost data science initiatives, encourage the development of innovative technologies, and enhance public understanding of the opportunities in space exploration. With a clear focus on educational and social outreach, the collaboration is structured to nurture a robust ecosystem that supports continual growth and advancement in the sector.

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Leveraging Opportunities Via Investment And Innovation

KeVE President Stavrou emphasized that the partnership not only opens new avenues for investment but also facilitates collaboration between local businesses and the thriving space industry. CSEO President George Danos added that the trust and support from KeVE could catalyze the establishment of a globally recognized space ecosystem, further elevating Cyprus’s stature on the international stage.

Global Market Trends And Future Prospects

In context, the global space economy was valued at roughly $596 billion in 2024, with projections to reach $944 billion by 2033. This remarkable growth is primarily driven by downstream solutions utilizing satellite data, a segment that has witnessed rapid expansion. Forecasts project that the number of operational satellites could exceed 60,000 by 2030, with some estimates by the European Space Agency suggesting numbers as high as 100,000.

Charting Cyprus’s Future In The Space Race

By forging this strategic alliance, Cyprus positions itself at the forefront of a burgeoning global industry. The MoU is expected to accelerate investment, innovation, and collaboration, paving the way for Cyprus to become a significant player on the global space map.

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FinTech’s Dominance In MENA: Three Strategic Drivers Behind Unyielding VC Success

by THEFUTURE.TEAM

September 11, 2025

Despite facing tightening global liquidity and macroeconomic headwinds, the FinTech sector continues to assert its leadership in the MENA region. In the first half of 2025, FinTech emerged as the most resilient and appealing arena for venture capital investments, proving its worth as a catalyst for financial innovation and inclusion.

Addressing Structural Financial Gaps

In many parts of MENA, a significant proportion of the population remains underbanked and underserved by traditional financial institutions. FinTech companies are uniquely positioned to address these persistent challenges by bridging critical access gaps and driving financial inclusion. With the proliferation of payment apps, digital wallets, and micro-lending platforms, investors have witnessed firsthand how these solutions pave the way for scalable growth and eventual exits. Early-stage momentum in the region is underscored by a doubling of pre-seed deals year-over-year, reinforcing the sector’s capacity for rapid innovation and sustainable expansion.

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Highly Scalable and Replicable Business Models

One of the key factors behind FinTech’s dominance is the inherent scalability of its business models. Once the necessary infrastructure and regulatory approvals are in place, these models have demonstrated robust performance across borders. The first half of 2025 saw a marked acceleration in deal activity, with payment solutions leading the charge with 28 deals in MENA—a significant increase over the previous year. Lending platforms, in particular, experienced a meteoric 500% year-over-year increase in funding, emerging as the fastest-growing subindustry. Such replicability makes FinTech an attractive proposition for investors seeking high-growth opportunities in diverse markets.

Supportive Regulatory And Government Backing

The strategic support offered by key government initiatives in the UAE and Saudi Arabia has been instrumental in propelling the FinTech sector forward. Progressive frameworks, such as the UAE’s open finance and digital asset directives, coupled with Saudi Arabia’s live-testing sandboxes, have materially lowered entry barriers for startups. These measures not only foster innovation but also streamline the path to commercialization. Consequently, the combined efforts of these regulatory bodies have enabled the UAE and Saudi Arabia to account for 86% of MENA’s total FinTech funding in H1 2025.

The resilience of FinTech in MENA is not merely a reflection of contemporary market trends—it signals a fundamental shift in the region’s economic fabric. With an unwavering commitment to addressing real financial challenges, scalable and replicable business practices, and robust regulatory support, FinTech is setting the benchmark for sustainable innovation. As capital markets become increasingly discerning, this sector stands out as a beacon of long-term growth and transformative impact.